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Cromwell European REIT (CEREIT)
Results
Cromwell European REIT’s indicative DPU for 1QFY2024 down 10.2% y-o-y at 3.505 Euro cents
1QFY2024 gross revenue fell by 2.7% y-o-y to EUR53.3 million while NPI also fell by 2.7% y-o-y to EUR32.7 million.
April 30, 2024
REITs
Cromwell European REIT divests two assets in Finland and Italy for EUR7.2 mil
Both divestments have been completed.
April 29, 2024
Broker's Calls
Brokers' Digest: KREIT, Seatrium, SIAEC, Sats, Riverstone, CEREIT, Food Empire, FLCT, CDG, MUST, Sheng Siong, Uni-Asia
See what the analysts have to say this week.
April 04, 2024
Broker's Calls
PhillipCapital initiates coverage on Cromwell European REIT with 'buy' at TP of EUR1.91
Analyst Darren Chan notes three key investment merits of the REIT.
April 02, 2024
Broker's Calls
Analysts praise 'standout' Cromwell European REIT for successful divestments, low gearing in FY2023
“It has divested eight assets since FY2022, raising EUR237 million in proceeds at a blended 15% premium to the latest valuation.”
February 29, 2024
Results
Cromwell European REIT announces DPU of 15.693 Euro cents for FY2023, down 4.1% yo-y
CEREIT’s total portfolio valuation stood at EUR2.3 billion as at Dec 31, 2023.
February 26, 2024
Broker's Calls
RHB keeps ‘overweight’ call on S-REITs, retail sector impacted by rise in GST and inflationary pressures on tenants
Dominant theme and driver of S-REITs’ performance in 2024 to be US Fed’s rate cuts and messaging surrounding the size and timing.
January 23, 2024
REITs
Cromwell European REIT’s office property in Milan largely completed, 70% leased
The building is left with three floors to let.
January 22, 2024
Broker's Calls
Brokers' Digest: Parkway Life REIT, Cromwell European REIT, United Hampshire US REIT, Raffles Medical, Yoma Strategic
See what the analysts have to say this week.
January 11, 2024
Broker's Calls
CGS-CIMB initiates coverage on Cromwell European REIT, has 'add' call with TP of EUR2.15
Analysts say that CEREIT has clear divestment and redevelopment strategies in place to unlock deep value.
January 09, 2024